Bill No.: SF0054                     Drafter:  DRN

 

LSO No.:   08LSO-0073                 Effective Date:  

 

Enrolled Act No.:    SEA0036

 

Chapter No.:        

 

Prime Sponsor:       Management Council

 

Catch Title:         School finance-rebated recapture.

 

Subject:  The legislation was prepared to address implementation of 2006 Constitutional Amendment "B", which dealt with the elimination of "rebated recapture".  Rebated recapture was a feature of school finance which "rebated" revenues "recaptured" from school districts in excess of a specified threshold.  Rebated recapture amounts subsequent to adoption of the 2006 Constitutional amendment are currently being litigated.

 

Summary/Major Elements: